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cliff. those expiring tax cuts and the budget cuts. if you would like to find out more, go to our website, c- span.org, and type in "a fiscal cliff" in the search box. >> look at what president obama did on the budget, nothing. as a result of his abdication of leadership, as a result of seeing the most predictable economic crisis and our country's history and not fixing it, our credit rating was downgraded for the first time in our history. >> to be laid out a four trillion dollar debt reduction plan. ladies and gentlemen, these guys vote against everything. i really mean it. not only do they say they don't like our plan. i get that. you don't like our plan, what is your plan? >> thursday, paul brian and joe biden will face often their only debate. -- paul ryan and joe biden will face off in their only debate. we will have a preview starting at 7:30 eastern. your reaction at 10:30. follow the live coverage on c- span, c-span radio, and online at c-span.org. the vice-presidential candidates preparing for that debate today. paul ryan in st. petersburg, fla., joe biden. president oba
institute for a discussion on the scheduled tax increases the percent to hit in january, including the end of the bush era taxes, payroll tax holiday hikes and invested in come also. a new tax policies and to report says nothing is done. average marginal tax rates would go up by five percentage points on labor income, seven points on capital gains and more than 20 points on dividends. along with more than a trillion dollars in budget cuts. also starting january or known as the fiscal cliff. it should get under way in just a moment. [inaudible conversations] >> good afternoon, and welcome to the urban institute's first tuesday. my name is howard gleckman of the tax center blocks and we are here to discuss taxes in the fiscal cliff. as you all know, washington lives everything that happens here is the biggest or the worst were the most important. how many times for instance have you been told some politician is about to give the speech of his life until he gives the next speech. the tax armageddon has the potential to actually be a watershed in the fiscal policy. true it could be another opp
could be accurate or not. what is the person saying there should not be a millionaire tax or should be. who is the special interest dominating that message point coming out and how does the voter get through it? i think one the most amazing thicks happening in the country when you look at the president number heys doing well. what's fascinated about the amount of money being spent by the cross roads and the entity for some reason the message is not coming through it's not compel fpg you look at the swing states that we were going to be remarkably close are going to trend toward tbhawm a way that somebody thinks to seem unless the debate set the presidential election. it's clear the spt heading toward a environment he has a advantage. romney is going to be exceptional. >> tune in. >> fiewn in and watch. let watch. >> i'm excited. >> talk about in next week in class. >> would you taunt the cross road different and you engage in more localized races congressional and senate how you choose your priorities since so you have a broader scope. >> yeah. that's a good question. we're focused on
years ago. that a bigger government, spending more, taxing more, regulating more. if you will, trickle-down government, would work. a >> reporter: president obama sounded a familiar alarm, warning of romney's "been there, done that" economics. >> the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. and we ended up with the slowest job growth in 50 years. >> reporter: but whether it was health care, jobs, or medicare, it was romney who stood out for his aggressive style. >> i just don't know how the president could have come into office, facing 23 million people out of work, rising unemployment, an economic crisis at the kitchen table, and spend his energy and passion for two years fighting for obama care. >> reporter: the president made his points in a slower, more laid-back manner, often looking down, sometimes appearing disengaged. it's not that he didn't try to rip apart romney's economic plan. >> that kind of top-down economics, where folks at the top are doing well, so the average person making 3 million bucks is getting a $250
we talked about, where he can get -- capsulize an argument. >> that's how they'll fund the tax cuts, not subsidize big bird. thanks, mitt. >>> we'll look down the road to see how polls were affected by last night's debate. keep talking about it. we have to get to "cnn newsroom" which begins with carol costello now. see you back here tomorrow. >> thanks, soledad. >>> which presidential candidate is joenjoying a big bounce on t campaign trail today? >>> miguel cabrera captures the triple crown. >>> one billion users and growing, now news that facebook wants you to pay to promote your posts. >>> a strong generic version of a popular anti-depressant off the market. what consumers need to know this morning. newsroom begins now. >>> good morning. thank you so much for joining us. i'm carol costello. it is the morning after the presidential debasement many americans are remembering not just what was said last night but over the weekend. remember the prediction that raised eyebrows just a few days ago? >> this whole race will be turned upside down come thursday morning. >> well, mitt romney
and in this country, taxed more. if you tax small business, they are not going to hire. i don't know how you don't figure out what mr. romney so eloquently said in that debate. talking about politics of the 1% or the 47%, conservatives want the best for all folks, and yes, we mean thewe don't want them trapped in poverty. we want them married, paying their taxes -- host: we will get katrina vanden heuvel's response. guest: yeah. listen, if marriage will promote the well-being of the couple, children, great. but in my mind, it is and not just that. that is too simplistic. it is part of the equation. without good jobs, without ensuring that workers have rights and a time -- at the time when big business is so powerful, without doing small things that happened around this country but have taken too much effort, giving women, families early child care, the sense of a community coming together to lift up families, marriages not sufficient. to reduce it to that is too simplistic. no one is saying marriage isn't important. it is not the only a factor in building a family that is doing well. the fact th
rid of the charitable deduction, because that's the only way you have revenue neutrality in these tax cuts he's talking about. his only plan for economic improvement in this country is to cut the taxes mainly of the rich. that's his only plan. the only defense of this strategy is he's going to get rid of loopholes. tell us that, governor. show us what you're going to do or stop talking. i think he's got to be that aggressive. but the main message is, show me your cards. stop bluffing. >> we have seen a little bit of telegraphing this week from mr. romney, that maybe he will put some details into his economic talk. he's started to float some new ideas about taxes that he never floated before. my question is whether or not he thinks the right place to unveil those is in a debate setting. surprise the president with something he's never said before or if he wants to save that stuff for a more controlled environment. that will tell us as much about his temperament and his strategy as it will about his plans. let me bring in lawrence o'donnell, chris. lawrence is in the spin room tonight,
leadership, i don't know. he has one answer to the problem. raise everybody's taxes. he looked right into that lens and he said out there in san francisco, he said i'm going to raise your taxes. well, he's had a lot of experience in that, and he's sure going to go ahead and do it. i remember a statement of lyndon johnson, as he was looking around, his party people weren't supporting him. he said, hey, they painted their tails white and they ran with the antelope. there are a lot of democrats running with the antelopes. not one single democrat introduced that tax bill into the congress. of course i support the president's plan. i support him on everything else. i'm not sure if i didn't i would go doing what mr. mondale has done with jimmy carter, jump away from him. i couldn't do that to ronald reagan now, next year, or any other time. i have too much trust in him, i have too much friendship for him, and i would feel very uncomfortable doing that. >> some now claim he disagreed privately with jimmy cart's -- carter's decision to improse the grain emming. -- embargo. where, in your jud
. the debate focus around the economy as we knew it would and the candidates traded jabs over tax policies for the middle class. >> romney: under the president's policies middle income americans have been buried. they've been crushed. i will not under any circumstances, raise taxes on middle income families. >> obama: now, five weeks before the election, he's saying his big, bold idea is never mind. >> romney is saying he would push for tax relief is another flip-flop. from his statement a few weeks ago that we should not expect a huge cut in taxes if he's elected president. we'll do some fact checking for you in the next current news update. despite the lies and contradictions from romney, a new cnn poll says 67% of voters do think he won the debate. more bill press coming up after the break. stay with us. you're about to watch an ad message created by a current tv viewer for capella university. matter. education is the key. it is the vehicle. it's the way in which we evolve. every journey is different every possibility is uni
has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> now larry, mitt romney is speaking this evening in virginia. we'll see both candidates in virginia and ohio over the next 24 hours. that will give viewers on television a chance to decide whether that was the real mitt romney last night or it was the real barack obama at the debate, larry. >> all right. many thanks, we appreciate it. >>> so mitt romney outhustled, outfacted, outenergized and outinformed president obama. msnbc's chris matthews, an old pal of mine, completely went off the rails. take a listen to this. >> where was obama tonight? romney, i love the split screen. staring at obama. addressing him like the prey. he did it just right. i'm coming at an incumbent. i got to beat him. you got to beat the champ and i'm going to beat him tonight. what was romney doing? he was winning. >> he sure was, chris. he was winning big time. so now that romney is on a roll, where does he run after last n
in florida, he focused on taxes and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, reuters puts mitt romney within two points of the president. tomorrow we'll see both candidates in ohio. there's good reason for that. tomorrow is the last day voters there can r
it was paid for through gasoline taxes. [applause] thethe st. lawrence seaway connecting the great lakes, opening the great lakes to traffic again had been on the drawing board since the administration of theodore roosevelt and eisenhower -- eisenhower took, assumed the presidency in a time of mccarthyism and incredible communist witchhunt. he did it as he did so many things in the background. it was eisenhower orchestrated the army's response in the army mccarthy hearings. i'm not going to get into a contest but that stunk. and when it was over mccarthy had him vanquished but i think it was the desegregation issue perhaps in which eisenhower most often underestimated. president truman had ordered the army to be desegregated in 1950 but the that the army had not complied. 85% of the army was still segregated when i had to power. ike ordered the military services to desegregate and of course this was a new supreme commander whose words they immediately obeyed. he culminated the segregationists of will service and after brown versus board of education, and he ordered the integration of the
at a campaign event in north carolina. that set off another war of words. >> how they can justify raiding taxes on the middle class that has been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been "buried." we agree. >> let's bring in the news nation political panel, associate editor and columnist for the "washington post" and msnbc analyst eugene robinson, abby stoddard, columnist for the hill, michael spir mitt romney is con nish, talk show host and chip saltzman, strategist. i would like to start off with you, is it fair to compare the two tape you the president's tape the conservatives were talking about since last night and the video of congressman ryan saying you 30% of people want to live their lives on welfare is it fair to compare these tapes, especially given the president's tape, then-senator obama, was covered by the media then? >> it a beautiful day in denver today, tamron. first of all. >> nice weather report, eugene. >> obama says nothing new on the tape and it was covered years aleen sirgany but fair it is
the weekend in florida, he focused on taxes and president obama. >> they will ultimately have to raise taxes on middle income families by $4 million a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday heads to san francisco today with romney's poll numbers improving. >> they're looking very good. i feel very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under
skyrocketed in his time in the senate. on the other side of the balance sheet, the tax side, i do believe we should let the bush tax cuts expire, as planned. >> we do need to balance. there needs to be cuts made in federal spending and we need to grow the economy. there are a variety of things i think off the bat what ought to be cut is and repeal asked replaced -- and replaced is obama care. that will save over $1 trillion. >> the two former virginia governors have been running neck and neck, but tim kaine appears to have taken a lead. >>> new polls out in the presidential race confirming the fight for the white house is tightening. as fox's doug luzader tells us, with four weeks to go before the election, both are coming out swunging on the campaign trail. >> reporter: 47 to 47, the race is locked up right now, at least according to gallup. the landscape is changing quickly. both campaigns are trying to take advantage. mitt romney may have had more spring in his step yesterday as he spoke to the virginia military institute. he went after what has been president obama's strong suit in many
the attacks. a week ago paul rhine was asked to explain the math of a tax cut and he said i don't have time. governor mitt romney had a massive performance and the underpenings of that was dishonest f. you are willing to say anything to get elect make up your positions, american people have to understand how they can elect you. >> steve: is calling mitt romney and ryan a good strategy. here to weigh in is washington insider amelia and democrat pollster marjorie. good morning to both of you. >> margey. it does sound like according to the new york times, 10 minutes before the end of the debate they were on a conference call talking about he stunk up the place. we'll have to go full steam ahead on a new attack and that is going to be romney is a liar. >> any time you hear mitt romney express different position than the day before it is for voters to know. we would be talking about mitt romney's loose interpretation of the facts regardless of what the people thought of the pet's performance. his own campaign walked back what romney said about covering people with preexisting conditions in the h
the lower courts and the individual mandate was a permissible use of the taxing power of congress and not the congress clause and thus the law could be passed. and i think there were three -- one is, you have to take it at its face value. the legitimate use of the taxing power. thirdly and most important in the second and third, the second is that john roberts saw health care, as many people saw health care, as the third in a trilogy of cases starting with bush beat gore in 2000, citizens united in 2010, obamacare in 2012 and that, and in those first two cases, you had five republican justices dashing the dream's of democrats in what would seem to many as a very partisan case. as they sat down to vote on health care, it looked like the same thing was going to happen, the five republican nominees were going to trash the democratic dream. roberts recoiled at that idea. roberts has a very keen sense of politics in the larger sense and he knew and cared deeply that the supreme court not be regarded as simply another branch of congress, where democrats and republicans fight. he wanted
for closure during the previous administration. here are the facts. the $5 trillion tax plan that mitt romney and paul ryan put on the table, you can't pay for it without raising taxes on the middle class and raising taxes on seniors. the same economists who mitt romney referred to to back up his plan said you couldn't pay for it without eliminating the mortgage introduction which many middle class families rely on if they have more specifics, we are interested to hear those tomorrow night. so far we haven't heard how you pay for it without raising taxes on the middle class. >> as we look at a new quinnipiac poll, it's finding more of the majority of americans think the president will win the debates. the president has done his best to temper debate expectations looming out there, saying he's just an okay debater. is your campaign worried these high expectations could backfire on the president? >> the president will come into the debates prepared. mitt romney has been preparing for the debates earlier than any candidate we could find on record since july. it took the week of the convention to
chosen, denied the big tax cut from 35% down to 28% for people at the top bracket. the all-out elimination of the estate tax, the big-time cut in the corporate rate. he denied his plan to eliminate medicare, denied he would kill coverage for those with pre-existing conditions. he got away without bothering to deny his plan to let the automobile industry to go bankrupt and to dump 40 million people to wait in the emergency room. let's look at some of the latest polling in the wake of wednesday's debate. this afternoon pew released a poll that showed a dramatic shift toward romney. this poll covers the four days since the debate, and it has romney pulling even with president obama among registered voters, 46% even. four weeks ago pew had obama up by nine among registered voters, so this has been a huge shift in the pew poll. the move in the pew poll towards romney is greater among likely voters. romney is surging ahead to 49%. four weeks ago obama led among likely voters by eight. now to the latest gallup tracking poll which covers the last seven days. gallup has president ob
. they include reducing the deficit about4 trillion over ten years, an overhaul of the tax code, and changes to medicare and social security. now, if congress can't avoid that cliff, it also means an end to several tax cuts and a huge boost in the action at thats you will pay. the nonpartisan tax policy center estimates the average household will pay $3,500 more in taxes. the two policies which impact the average american the most are payroll taxes and the bush era tax cuts. democrats have already said they will not accept a deal unless tax cuts to americans making more than $250,000 a year are allowed to expire. >>> 5:06. 64 degrees. the phone wars between apple and samsung takes another nasty turn. >>> also ahead, crossing the line. the incident that has one police officer in hot water this morning. "and what's your name?" "oh, it's flo." "and what do you do?" "oh, i sell insurance like no one else." "oh, that's nice." "thank you." now, that's progressive. call or click today. >>> welcome back apparently, looking at photos and videos of cute, fuzzy baby animals can help improve your produc
, where romney keeps millions to avoid u.s. taxes. you have to say this about mitt romney. he sure knows how to go for the gold. >> so the u.s. olympic committee was not that happy. [laughter] as you might expect. that ad was a little bit short lived, but it got a lot of free media coverage and a lot of views on the internet. and kudos to one of the leading advisers to priorities who came up with the idea for that ad. it is a lot of fun to do what we do for a living. priorities has been eager experience. as -- has been a great experience good as money flowed into the super paks in general, and also to priorities, we have played an important role in this campaign. not the kind of outside world that my colleague has. >> there is a little bit of a difference. there is a runny super pac called restore our future. i was -- american crossroads has spent more money and has been around much longer. but you can talk a little bit about the decision to do that. it came up much earlier and saw a lot of what was going to happen before it actually happened. so talk about the beginning of that. in the
has questions on the president from taxes to debt and spending. >> he wants another stimulus? how did the first one work out? he wants to hire more government workers? he wants to pick with winners and losers solyndra, losers in his case. we know where that leads. we have seen the last four years. we don't want four more years like the last four years. >> reporter: the debate at the university on long island is going to include foreign policy. to that end the governor is rolling out the foreign policy ball. he has a big speech on foreign policy at virginia military institute in lexington. >> gregg: tell us how big the first debate is playing out in the campaign ads. >> reporter: both sides are trying to portray the other as the bigger fiber. he has new ad from both campaigns and both are saying the other is untruthful from taxes to anything under the sun. take a look. >> i don't have five trillion dollar tax cut. if you just implemented it would cut five trillion dollars. >> i will not produce the taxes paid by high income americans. >> is that actually true? >> the latest, not tellin
you know how much sheldon adelson would get under mitt romney's tax plan? a savings of over $2 billion, 22 million versus $2 billion. that's just one guy. that's the real big bird. now, that's not all. how about bush's tax cuts no romney wants to extend them and add 20% on top. if you just extended the bush tax cuts it would add a trillion dollars to our deficit. why? mcmitt romney is looking out for the rich speaking of which, how about the iraq war? mitt romney was in favor of it, the entire republican party. how much did that cost? is this estimates have it as high as $5 trillion. and you're talking to me about big bird? you're talking to me about big bird? $22 million you want to cut and your dumb ass war cost $5 trillion. your tax cuts for sheldon adelson cost $2 billion. i'm not having the conversation about big bird and cutting down his nest until we talk to the other guys first. on the essence of that, the obama campaign is right. >> when we come back, the republicans are so loathesome they've now got a lobby to make sure that we are not protected from cancer. >> we have 15 hom
'll believe it. but that is not the case. i are not reduce the taxes paid by high income americans. >> round one in the books. the consensus this morning is neither candidate delivered a knockout blow. why both now turn their focus to some local voters. good morning and welcome to news4 today. i'm eun yang. >> i'm aaron gilchrist. the roads may be just slick enough to slow you down this morning. a live look outside right now at 6:00 a.m. we know that some folks are starting to see some rain drops coming through the area. tom kierein is here to break it all down for us. >> just some scattered light rain. don't have any heavy downpours like we had the other day. but enough to make the pavement wet, and for fender benders, as we've already had several of those. right now, all of this coming as a front is moving into our area and going to bring an end to the high humidity. it's still humid this morning with the showers. there are some moderate showers where you see this one batch of orange and yellow here in western charles county. that's advancing a bit to the north and east and should be aroun
this year. >> and there is a class action suit claims the fee is a tax and should require a two thirds vote from the legislature, governor brown calls it a fee to help with the budget deficit. >> and a group of people in the south bay is urging google to remove a video clip from you tube related to a film that is sparking violence around the globe. >> happening now in sharp contrast to violent protests around the world this peaceful demonstration in santa clara denounces an antiislam film made in the united states. these protestors are upset with google decision not to remove a video clip available on you tube. the crude film titled "innocence of muslims" angered many, triggering deadly violence. these mothers say they support freedom of expression, but not what they consider hurtful bullying its not okay to tease and if it's deliberate and provocative, it borders on faith based bullying, boy say. >> they say do are just hoping google reconsiders a plea to take down the clip. >> officials are investigating allegations of anti-semitism in the university of california berkeley claiming offici
duelling ads today. >> this was dishonest. >> i'm not in favor of the $5 trillion tax cut. >> romney is being dishonest here, too. according to an independent non-profit study, barack obama and liberals will raise taxes on the middle class. >> the ad is airing in eight swing states including florida and ohio. meanwhile the romney campaign ad makes a strong push to capture the woman's vote. >> in 2008, i voted for barack obama. he doesn't have my vote this time. being a woman you think about your future and your children. what i want to think about is a future that has jobs. >> the ad goes on to say the economy is important to women. >> a victory for the obama campaign on early voting in ohio. a federal appeals court in the buckeye state just reinstated early voting on the three final days before election day. the ruling means that people in the key battle ground state can continue to cast their ballots. depending on the decision of the local border of elections that is. the obama camp filed that lawsuit arguing that everyone should have a chance to vote on those days. >> and the earl
of americans are staring at big increase on their tax bill. ashley morrison with more. >> the tax center released a study showing that americans of all different incomes could be hit with a tax increase. if existing tax cuts are allowed to automatically expire, the average tax increaswould be $ $3500 a year, a middle income american would see their tax bill rise by $2,000. >>> overseas marks were mixed this morning. tokyo's nikkei shed a fraction on concerns of company earnings, while south korea's kospi grained a fraction. >>> on wall street, the dow added 77 points while the nasdaq lost two points. jp morgan chase is being sued over dealings made by bear stearns, the investment bank it acquired in 2008. new york's attorney general filed the suit claiming bear stearns misled investors. the suit is the first to be filed under a group set up by the obama administration to investigate misconduct that caused the 2008 financial crisis. jp morgan says it will will contest the suit. >>> american express is paying $112 million in refunds and fines to settle accusations it duped customers. feder
is we ought to provide tax relief to people in the middle class. the people who are having a hard time right now are middle income americans. under the president's policies middle income americans have been buried. there just being crushed. middle income americans have seen their income come down by $4,300. at the same time gasoline prices have doubled. electric rates are up, food prices are up. if you're reelected we will get to a trillion dollar debt. you have said before you cut the debt in half. lou: and to post debate polls gave the debate to governor romney. by a huge margin. in fact, the biggest one in history according to one of those polls. the cbs poll showed that 42 percent called romney the victor with only 22 percent standing with the president. the same poll tells us that 63 percent now believe governor romney cares about their needs and problems. that is a 30% improvement since before the debate. the cnn polls showed an even more dramatic results. governor romney beating president obama by more than 30 points scoring a record 67 percent of as the winner. the first time a
, he said he'd never heard of tax breaks for companies that ship jobs overseas. never heard of them. and he said, if that's true, he must need a new accountant. so now we know for sure that wasn't the real mitt romney because the real mitt romney is doing just fine with the accountant that he already has. whoever it was that was on stage last night doesn't want to be held accountable for what the real mitt romney's been saying for the last year. >> president obama cannot rewind and unleash that last night at the podium? but the way he and his opponent's campaign have adjusted their tactics in moving on from last night's debate tells you more about where the campaign is going from here than any dial test you saw during last night's debate. that's next with jonathan alter. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar
have to eliminate the tax on dividends entirely. we need people to own dividend stocks. if they know they're tax free like municipal bonds, thin people will buy them. i trust the balance sheets of corporate america far more than i trust the government's balance sheet. this is hardly a reckless position and would encourage companies to reward shareholders by issuing and raising dividends. i would actually raise the tax make up for that lost revenue because i'm not irresponsible and reckless. i would actually raise the tax on capital gains. why? you get gains when you sell stocks. i don't want people to sell stocks. i want them to own stocks, not sell them. plus if you raised the tax on capital gains, the company that do these stupid buybacks would continue to do them, continue to waste is the shareholders' money like they do now. put the money in the owners' pockets, not the sellers' pockets, by encouraging saving, not flipping. point number two, we have to clean up these markets. clean up the markets and encourage people on the sidelines to come back in. make them. clean up the stabl
Search Results 0 to 49 of about 130 (some duplicates have been removed)